2011

One month after the acquisition of Advanced BioHealing, McKesson (NYSE: MCK) acquired Safeguard Scientifics partner company Portico Systems for $90 million in cash, representing a 4x cash-on-cash return for Safeguard.

Since Safeguard’s initial capital deployment in Portico, the company had emerged as a leading provider of software solutions empowering health plans to transform the performance of their provider networks and significantly reduce their administrative expenses. The acquisition by McKesson cemented Portico’s status as a high-value, high-growth company.